Tuesday, 23 February 2016

Mcx Market Tips on Base Metals

MCX Copper prices has bounce above its resistance horizontal trend line in hourly at 318.50 levels. MCX Copper prices is trading above 100 DEMA on hourly, which indicates near term trend remains strong.

Furthermore, The momentum indicator RSI is trading above 60 levels on hourly chart which gives positive confirmation to the prices. For now we expect prices to move higher towards 331 levels in few trading sessions.

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